Malaysian palm oil prices traded slightly below MYR 4,100 per tonne, remaining subdued for the second straight session as market participants awaited export estimates from cargo surveyors. Investors also assessed reports that top buyer India had canceled 65,000 metric tons of crude palm oil orders scheduled for delivery between July and September, following a sharp rally in prices. Still, palm oil contracts are on track for the fifth consecutive weekly gain, up around 4% so far, supported by hopes of strong export momentum. A firmer energy market also lent overall support amid persistent Israel-Iran tensions and uncertainty over potential U.S. intervention, with President Trump expected to decide within two weeks.
